Urjo Kareda, the artistic director at Toronto’s Tarragon Theatre from 1982 until his death in 2001, was famous for many things. One of them was his commitment to reading every offering that every aspiring playwright ever sent his theatre. According to the Canadian Encyclopedia, he read as many as 500 unsolicited scripts a year.

He responded to the writers, too, delivering honest assessments of their scripts in what could be notoriously sharp-worded letters. Kareda had previously worked as theatre critic at the Toronto Star and clearly didn’t believe in mollycoddling dramatists – or deceiving would-be dramatists as to their chances.

His reading probably didn’t uncover any hidden gems; the various new play development programs he established at Tarragon were surely far more important to the theatre’s artistic success. But if Kareda’s approach to unsolicited material was inefficient, it was also admirable. It suggested a commitment to the idea of playwriting and to the community of playwrights that extended far beyond the needs of his individual company; it suggested he felt it was his duty, as a salaried cultural arbiter, to acknowledge all those unpaid aspirants in need of cultural arbitration.

When HarperCollins announced recently that it would close its website Authonomy Sept. 30, I didn’t mourn the forum to which writers could post unpublished manuscripts for peer review; instead, I mourned the professional spirit of Urjo Kareda. A handful of published, bestselling authors whose work was first discovered on Authonomy are apparently deeply saddened by its demise, but the site sounds as though it was mainly a way to get the slush pile to read the slush pile. Self-publishing, print-on-demand and the fan-fiction phenomenon have eroded the distinction between amateurs and professionals in the literary industries, but every so often you get a small reminder that sometimes you need to send in a pro.

The eight-year-old media startup was acquired today by German publishing giant Axel Springer. The deal values Business Insider at $442 million, almost $200 million more than what The Washington Post sold for in 2013 and well above the $315 million AOL paid to acquire The Huffington Post in 2011. In the current frothy market for content, BI’s deal feels like one of the bubbliest yet.

Axel Springer will pay $343 million to acquire 88 percent of the company; it already owns a 9 percent stake. Jeff Bezos’ personal investment company Bezos Expeditions will hold the remaining shares. Henry Blodget, the co-founder, editor-in-chief, and chief executive of Business Insider, will remain at its helm.

The sale price may sound high, but Axel Springer, one of the biggest media companies in Europe, seems to be looking to the future. The company is the owner of German newspapers Bild and Die Welt; the acquisition illustrates the more traditional conglomerate’s desire to expand its influence in online news. The company has also invested in digital news startups Mic, Ozy, and NowThis Media as well as Politico’s European branch. It has also backed virtual reality startup Jaunt and news reader app Pocket.

“Combining our forces will allow us to unlock growth potential and expand Business Insider’s portfolio to new verticals, new locations and new digital content,” Axel Springer chief executive Mathias Döpfner said in a statement.

Axel Springer is not the only traditional media company that has been aggressively looking at—and investing in—more nimble digital upstarts that appeal to a younger audience. American media giant NBCUniversal has invested millions in BuzzFeed and Vox Media, while Hearst has funded Complex, Refinery 29, and BuzzFeed.

Iran needs $150 billion of investment to reach 8 percent growth a year and lower youth unemployment, President Hassan Rouhani said in an address to Iranian-Americans in New York on Saturday.

Last year, Iran created 700,000 new jobs, short of the 800,000 needed for new entrants to the job market, said Rouhani, who is in New York to address the United Nations General Assembly. He was appealing to the Iranian diaspora for greater involvement in the country.

Iran and six world powers reached an historic agreement on July 14 in Vienna to curb Iranian nuclear ambitions in exchange for the easing of international sanctions. The accord survived a 60-day review by the U.S. Congress and is now being examined by the Iranian parliament.

In another part of his speech, Rouhani said Iran offered stability in a region that had witnessed wars, revolutions and natural disaster.

“In the past we used to export oil; now we export security,” Rouhani said. “Many countries in the region look to Iran’s help to defeat terrorists.”

Bloomberg reports on the much-needed rectification of the India-Bangladesh border.

At midnight, India and Bangladesh will swap pockets of territory strewn along their 4,100-kilometer frontier to end one of the world’s biggest border disputes.

Residents of the border enclaves have lived stateless for 68 years, an anomaly dating back to Britain’s hasty partition of the subcontinent. They plan to light 68 candles, release 68 balloons and explode 68 firecrackers to celebrate the settlement, said Habibur Rahman, deputy commissioner of Lalmonirhat, a northern district that borders with India.

“They will become citizens of their choice,” he said by phone from the district. Boundary pillars demarcating the enclaves, known as the British Pillars, will be removed.

Indian Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina’s administrations had ratified the deal in Dhaka in June to swap 111 Indian enclaves for 51 Bangladeshi ones. Ending the dispute will help boost bilateral trade in the world’s least integrated region.

The enclaves are islets of territory completely encircled by the other nation, sometimes several times over. These include what’s probably the world’s only counter-counter-enclave — a piece of India inside Bangladeshi territory inside an Indian enclave inside Bangladesh.

Illicit trafficking of diamonds in the Central African Republic has helped finance a more than two-year conflict, which has flared up again as the fiercest bout of fighting in the capital in a year has left more than 50 people dead, Amnesty International said.

Traders who have bought diamonds worth “several million dollars” failed to investigate if the beneficiaries are armed groups who carry out executions, rape and looting, the London-based rights group said Wednesday in a report. Local companies could soon begin exporting stockpiled gems that may have been mined by child laborers and avoided taxes.

“The international community is not doing what it needs to address what’s happening in CAR,” Lucy Graham, a legal adviser at Amnesty, said by phone.

Bangui has been paralyzed by clashes less than a month before elections meant to restore stability after the ouster of President Francois Bozize by anti-government militias in March 2013, leading to retaliatory attacks. A spike in violence began Sept. 26 after a Muslim man was found killed, sparking a march on the presidential palace that was dispersed, the looting of buildings and a breakout at the central prison.